We The People

We The People

Saturday, July 30, 2022

US Economy Posts Second Consecutive Quarter Of Negative Growth | The Daily Caller

US Economy Posts Second Consecutive Quarter Of Negative Growth | The Daily Caller

U.S. real gross domestic product (GDP) decreased at an annual rate of 0.9% in the second quarter of 2022, according to Thursday data from the Bureau of Economic Analysis (BEA), underperforming the expectations of economists surveyed by Bloomberg that the economy would grow by a modest 0.4% in the second quarter. GDP fell by 1.6% in the first quarter, and many economists and commentators define a recession as two consecutive quarters of negative GDP growth.

No comments:

Post a Comment